A Spanish high-end rehab facility has recently begun to offer treatment for cryptocurrency trading addiction.
The institution, named “The Balance,” is a Switzerland-founded wellness centre, with its main location situated on the Spanish island of Mallorca along with subsidiaries in London and Zurich.
It has been treating addictions to alcohol, drugs, and mental health for many years. However, the BBC reports that it is now offering treatments geared towards combating crypto trading addiction.
The Feb. 5 article indicated that one of the center’s customers sought out so that he could “wean off crypto” after apparently pouring in $200,000 worth of transactions per week.
The treatment lasts for four weeks and involves various therapies, massages and yoga sessions. The cost of the treatment could be as high as $75,000.
In another area of the globe, Castle Craig Hospital — a Scottish-based addiction rehabilitation clinic treating high-adrenaline crypto traders since 2018 — has seen over 100 clients come in with “dangerous” cryptocurrency issues.
Diamond Rehabilitation is a Thai wellness center that opened in 2019 and specializes in the treatment and rehabilitation of Bitcoin addiction.
According to the business, it offers recovery through Cognitive Behavioral Therapy (CBT), Motivational interviewing (MI), and Psychodynamic Theory(PT) as part of its multi-stage strategy for helping traders overcome their addiction.
There is a real need for rehabilitation clinics for traders who are addicted to cryptocurrency trading.
Family Addiction Specialist, based upon statistics on gambling disorders, estimates that one percent of cryptocurrency traders will develop severe addictions. Ten percent will also experience financial losses.
A Family Addiction Specialist says that one of the signs of addiction is the persistent need to search online for prices, especially at night.